October 12, 2018
On October 11, 2018, First Interstate BancSystem, Inc. (“First Interstate”), Billings, Montana, the holding company for First Interstate Bank (the “Bank”), announced that it had entered into separate definitive merger agreements with each of Idaho Independent Bank (“IIB”), Coeur d’Alene, Idaho, and Community 1st Bank (“Community”), Post Falls, Idaho, pursuant to which IIB and Community will each merge into the Bank, with the Bank as the resulting institution. IIB stockholders will receive 0.50 shares of First Interstate Class A common stock per share of IIB common stock for total merger consideration of approximately $181.3 million.
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September 21, 2018
On September 20, 2018, Blue Hills Bancorp, Inc. (“Blue Hills”), Norwood, Massachusetts, the holding company for Blue Hills Bank, and Independent Bank Corp. (“Independent”), Rockland, Massachusetts, the holding company for Rockland Trust Company, announced a definitive merger agreement pursuant to which Blue Hills will merge with and into Independent, with Independent as the resulting company.
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August 31, 2018
On August 29, 2018, BayVanguard Bank and its parent company BV Financial, Inc., each of Baltimore, Maryland, entered into a merger agreement with Kopernik Bank, Baltimore, Maryland, pursuant to which Kopernik Bank will merge with and into BayVanguard Bank.
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August 16, 2018
On August 16, 2018, Equitable Bancorp, MHC (“Equitable MHC”), East Weymouth, Massachusetts, the mutual bank holding company for Equitable Bank, and South Shore Mutual Holding Company (“South Shore MHC”), Weymouth, Massachusetts, the mutual bank holding company for Coastal Heritage Bank, announced their entry into a definitive merger agreement pursuant to which South Shore MHC will merge with and into Equitable MHC under the name Equitable Bancorp, MHC.
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August 2, 2018
On July 30, 2018, BCB Bancorp, Inc. (“BCB”), Bayonne, New Jersey, the holding company for BCB Community Bank, completed a private placement of $33.5 million of its 5.625% Fixed-to-Floating Rate Subordinated Notes due 2028 (the “Notes”).
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